The paper shows research of cultural consumption and music taste of students studying at the Faculty of Philosophy in Belgrade (N=187). The first section of the text presents some theoretical approaches to cultural consumption and taste, as well as research done on student and citizen population in Serbia concerning cultural consumption. The research was carried out to investigate the differences in cultural and musical preferences of the participants concerning economic and cultural capital. Statistically significant differences in cultural consumption were found when considering the work status of their father and their objectified cultural capital. Differences in music taste were found considering institutionalized cultural capital of the mother and objectified cultural capital of parents. Those with bigger amounts of objectified cultural capital tend to like rock-alternative genres and visit contents of high culture more often.